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why do flash drive and nand memory prices change

Why Flash Drive Prices Change.

Here is a blog post I wrote in 2010 to explain the reasons behind the change in flash drive prices. Currently it is Feb 2017. The same still applies

We are seeing some price increases which are tied into the recent end of Chinese New Years. Read this it will help explain.  (or if you want a laugh and have 5 minutes for You Tube watch the scene from TRADING PLACES with Eddie Murphy, Dan Ackroyd and Jamie Lee Curtis. Watch Here

Each day I am asked to explain “Why do flash drives change price each day?” I am a supplier to the promotional products industry and the vast majority of products have a set price that rarely ever changes. In fact it was the norm in the ad specialty industry not too long ago, that you had to set prices in January for the year ahead and could not change them until the next January.

Then along came USB flash drives which quickly became a top 10 promotional product. Before we talk about the reasons for the price changes lets first make sure we are clear what is changing price. The actual memory chips change prices, which in turn change the flash drive.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

Along with these little “miracles of memory” came the new reality that flash drive prices fluctuate daily. Why?

True supply and demand economics at work.

Part of the reason flash drive price change daily is the truest sense of supply and demand economics. There are only a dozen or so major flash chip factories in the world, each costing billions of investment to build a plant. All of these plants are operating at capacity and cannot keep up to demand.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

If you consider it for a moment flash memory is not just in the millions of flash drives sold each month but is in your TV, computer, Smartphone, car stereo, toaster and just about every other electronic device. There are nearly unlimited uses for flash chip memory.

They are traded as a commodity on the Hang Sang and other Asian stock markets.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

If you’re old enough to remember the Eddie Murphy, Dan Ackroyd movie “Trading Places”, you will remember the final climatic screen where the recently corporately disowned Ackroyd and Murphy plotted and planned and finally took their former brokerage house down by manipulating the price of Orange Juice futures based upon an upcoming crop report from the Government.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

In its simplest form that’s what goes on with any “Futures Commodity” which flash chips are. Also traded as a future are Pork Bellies, Wheat, Fertilizer and about 1000 other essential commodities. Brokers, investors and market demands and influences like Apple, Dell and others manipulate the anticipated future price of the flash chip resulting in a daily price change.

Chip Brokers cash in on major events.

The final major reason why flash drives fluctuate in price is the system of Chip Brokers. Basically the manufacturers’ of flash chips such as Samsung, rarely if ever actually sell the chips directly to the end user. For instance if Apple buys a million 4 GB chips and the want Samsung Chips, the don’t buy them from Samsung but from an authorized Samsung Broker.

This independent broker may carry only Samsung but is just as likely to sell Hynix and other chips brands.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

3D custom shaped promotional products are the hot new trend for the ad specialty and business marketing field. Turn your logo or product into a custom shaped usb, flash drive, power bank or other custom shaped promotional product.

The Chip Broker is like a hyper-sensitive reptile with one ear to the market and the other on the world events. If they sense a shift in politics that may interrupt business or a natural disaster just taking place they can drive the price of chips up (or down) within hours.

In early 2011 the Tsunami that wiped out much of Japan caused flash chip prices to double over the next 4 days. The cited reason, a Toshiba factory in Japan that makes chips was safe but was put on limited production due to rolling blackouts experienced by decreased electrical supply to the Asian nation. This alone caused the speculation and price jump.

The world's best custom shaped promotional product flash drives. We turn your logo, idea or product into a custom designed USB memory drive or USB flash . Perfect for tradeshows and business marketing.drive

The world’s best custom shaped promotional product flash drives. We turn your logo, idea or product into a custom designed USB memory drive or USB flash . Perfect for tradeshows and business marketing.drive

It is rumored that most chip brokers made as much as 1 million USD each during these 4 days simply by holding back the inventory they had in the pipeline, driving up the price by choking off supply, over and above any changes felt by the single Toshiba plants diminished production schedule.

The final word.

In short the price of flash drives and flash chips will continue to change daily and will continue to cause promotional products distributors and their clients to continue to pull their hair out from time to time. Next time you need to explain this to your co-workers or customers remember this article written by John Graham . Reach him at www.promocrunch.com  or, simply rent the movie “Trading Places”.

 

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why do flash drive and nand memory prices change

why do flash drive and nand memory prices change

The impact of Chinese New Years on the delivery of promotional products

Chinese New Years is Over. Now What?

As a person who owns a company or 2 that has been dealing directly with China since 1994 the end of Chinese New Years is always greeted with a great sigh of relief…..and TERROR!

Read What Happens at the start of Chinese New Years here.

Now that Chinese New Years is Over The Fun Really Begins! Here’s Why!

1- 15% of all returning workers DON’t RETURN! There is such a shortage of workers in China that upon return from the holidays, 15% don’t.

2- At the train station, bus stations and airports HUNDREDS of Job Bureau Reps stand at the exit. They walk up to returning workers and ask them..”What do you do, how much do you make? Want to make more? Come with me!” Sounds INSANE but it is true.

3. Awaiting at the office is the last 3 weeks worth of orders to be entered and produced. Yikes! My advice…Get Your Orders In Early.

Promo Crunch. We are the experts in designing and delivering custom shaped promotional products. Avoid the pain and risk, trust Promo Crunch.

The impact of Chinese New Years on the delivery of promotional products

The impact of Chinese New Years on the delivery of promotional products

 

 

Top new promotional products for 2017

New Promotional Products for 2017

We are always on the leading edge of new ideas and custom promotional products.

VISIT US AT WWW.PromoCrunch.COM for complete details

This year is no different as we launch into 2017 with some of the more innovative promotional products,.

  1. Clip on camera lens.

This clip on lens has 3 lenses that can be removed and added. These are a Macro lens, wide angle and close-up. The clip can be logo’d

3 in 1 lens for smartphone and i-phone. Promotional product

3 in 1 lens for smartphone and i-phone. Promotional product

thumbtech lens 3-in-1-Lens-Series02

2. Swiss Army type of data and charging cable.

Charge or transfer data using this knife type of multi cable. No more crazy cords.

custom multi cable swiss army knife style cable for promotional products

custom multi cable swiss army knife style cable for promotional products

custom multi cable swiss army knife style cable for promotional products

custom multi cable swiss army knife style cable for promotional products

3. Custom shaped Promotional Products.

Promo Crunch turns your logo or product into a custom shaped promotional product. Their line includes custom cables, custom bluetooth speakers, custom power banks and custom usb drives.

For more info call 888-908-1481 or visit Promo Crunch

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Amazing!

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We make the most amazing custom shaped flash drives. Send us some images and a logo and we will make you a free virtual proof.

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A custom made bluetooth speaker and power bank combo! We can turn your idea into something amazing.

 

Worlds best custom shaped usb flash drives

Worlds Best Custom USB Flash Drives

Worlds Best Custom USB Flash Drives

It’s a claim we’re willing to make! After creating literally thousands of cool, interesting, unique and one-of-a-kind custom shaped flash drives we are willing to bet that we are home to the Worlds Best Custom USB Flash Drives.

Check out just a few of our best! 

Work Boot Shaped USB     –   Tool shaped USB drives    –  Sunglasses 

Animal Shaped  – Wizard of Oz Tinman   – Fish shaped USB

Would you like a FREE Virtual Design?  Click here to submit

chinese new years fully explained 2017

Chinese New Years 2017 Explained

http://promocrunchpromocrunch.blogspot.ca/2013/01/promo-crunch-explains-chinese-new-years.html   Link to original post with new updates for 2017.

Each year the Chinese New Years disrupts business and lives like no other holiday on the planet. Imagine Christmas, Hannukah, Ramadan and Thanksgiving all rolled into  one 3 week long bender and you get CNY.

Factory Closures January 20th- Feb 10th 2017

Promo Crunch deals direct with factories in China to deliver unique promotional products. Each year the world’s largest holiday throws a wrench into business and trade around the world.

We are often asked to explain why….here goes.

The reason and facts about Chinese New Years are unknown to many of here in the West…so this blog post will give you a simple explanation which might help you to explain to your customers why the holiday is so disruptive.

1)…..China is the most populous country in the world with 1.25 BILLION people. That is 4 times the population of the USA living in about the same area as the USA. It is 40 times the population of Canada!

2) Most people in China work in TRADE ZONES….these are large industrial areas (such as Shenzhen) . A TRADE ZONE is where cities and areas were built 30-40 years ago by the Chinese Govt to concentrate certain types of industry in one area. Shenzhen is electronics.

3) 35 years ago Shenzhen had a population of 100,000 people, mostly farmers. Now, Shenzhen is a city of 25 million with 100 Million living in the surrounding area. The total area of Shenzhen is about the size of Southern California from Los Angeles to San Diego!

4) Most people living in Shenzhen (and the other major centers) have moved there from the country-side of rural China…… If you were to look at Miami on a USA map…or Newfoundland on a map of Canada…think of that as Shenzhen….then think of Seattle in the USA or Whitehorse in Canada and imagine that many people living in Shenzhen originally come from Seattle or Whitehorse (or somewhere along that route).

5) Come Chinese New Years…(or close to the actual holiday)….100’s of millions of people (yes 100’s of millions) get on the train or in their cars and go home……most cannot afford to fly home (domestic airlines are expensive) so they drive for 2-5 days or train for the 3-4 days….just to get home for New Years.

6) The best way to think of this is imagine EVERYONE in the USA leaves work and gets in their car or takes a train to travel a minimum of 500-1000 miles. That is a pretty close idea of the chaos!

 
7) Once they get back home, (after 2-5 days of travel)  about 15% of the all of the people who went home for the holiday…DO NOT RETURN…..they don’t phone in and say they are not coming back…they just DON’T RETURN!
 
8) So….after the holidays…employers are scrambling to get new employees to fill the roles of those who did not return.  There is even a NEW business that has cropped up after the holiday to capture the returnees……Job Catchers…these are people who stand at the train stations and ask returning workers A) What do you do?..and B) How much do you make?…..They then offer these returnees (right there and then) another job at a better wage..(and then drive them to the new factory or place of work)….a full 5-7% of people returning back actually start a NEW JOB!

 

 
9) The actual holiday is January 28th in 2017, but it effects are felt well in advance and well after the holiday….and oh yeah…almost forgot…
 
10) In September and October (9 months after CNY) there is a baby boom….spouses who have not seen each other except for CNY get pregnant and then in the Autumn the woman goes home to have the baby….
 
So…..next time a client asks you why………send them this blog…..and it will help….
 
Thanks

 

 

 

world's best 3D promotional products USB Custom shaped flash drives and power banks for logo and marketing

Get a Better Off-Shore Supplier Solution

For nearly 20 years Promo Crunch has been dealing direct with the factories in China to provide our clients the best in custom promotional products.

In that time we have learned that the best way to service the custom promotional product business is to have USA based design and customer service and China based pricing.

So here’s what we did!

  1. We kept our design and all sales and service here in the USA
  2. Bought a factory or 2 in China.
  3. The end result!..We give USA’s great service and communication all with Chinese factory pricing.

Learn more, call 888-908-1481 or email 

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custom promotional products

custom promotional products

chinese new years dates and impact 2017 promotional products

CHINESE NEW YEARS: Dates and info 2017.

chinese new years dates and impact 2017 promotional products

chinese new years dates and impact 2017 promotional products

Nothing strikes more fear into the hearts of marketers everywhere than Chinese New Years (or CNY for short!)

CNY is China’s major domestic holiday and even though the calendar only says it last 5 days the reality is much different.

This year….the date of CNY is Saturday January 28th but the reality is the factories will be closed from the 20th of January until around Feb 7th or 8th. 

You have been warned  🙂 

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